I would like to see incentives in the IT act for promoting new Software startups and Product companies based on intellectual property/original product creation which is again a key element to ensure that the industry is forward looking beyond just services. From an IT sector perspective, I would definitely expect the government to extend the STPI tax benefit under section 10A & 10B of Income tax act considering that the industry is on a rebound now it will be good to extend this for some more time as that will help further fuel investments pumped back into the growth of the industry.Another aspect that I am expecting from the Union Budget this year, is Funds allocation, possibly as part of extending the National Skills Development program that promotes more research scholars and PhD candidates in the universities which is again essential if we were to look forward some years ahead since for a country our size, with the large number of universities and science & tech graduates, we have a dismally low number of PhDs.
Profile of the Progress Software
ReplyDeleteProgress Software Corporation (NASDAQ: PRGS) is a global software company that enables enterprises to be operationally responsive to changing conditions and customer interactions as they occur – to capitalize on new opportunities, drive greater efficiencies and reduce risk. Progress products and technology are used by nearly 140,000 organizations in more than 180 countries, including 70% of the Fortune 100. Progress technology provides the infrastructure for applications as diverse as ERP and financial trading, across industries as diverse as retail, manufacturing, telecommunications, financial services, and government. Progress Software provides innovative technologies that deliver flexible application infrastructures, extended visibility, real-time integrated data access and high-speed event processing.
Profile of Mr Ramesh Loganathan, VP - Products and Managing Director
Ramesh brings with him more than 17 years of systems engineering and R& D leadership experience in product development organizations. His experience and leadership has strongly contributed to effectively manage the growth and direction of Progress Software India (PSI). At PSI, Ramesh is leading the product development center that is organized in a Center of Expertise (COE) model, where groups are inline with technology horizontals that work on multiple products/components.
Prior to Progress, he was the Vice President of Middleware Technologies at Pramati, driving the product development, product direction and later the setup of the Technology Consulting Business. Ramesh is an active member of various industry associations like ITsAP, Nasscom, Headstart and so on.